A care optimization platform that helps patients, providers and health plans navigate substance use disorder (SUD) has raised $15 million in Series C funding. The money will be used to accelerate axialHealthcare’s expansion into the SUD treatment and recovery sector, according to a press release announcing the news. Oak HC/FT, .406 Ventures, BlueCross BlueShield Venture […]
Category: Technology
In America today, the need for more substance use disorder (SUD) interventions is clear. In 2017, more than 70,000 people died from drug overdoses, and the alcohol-related death rate was twice what it was 20 years earlier. Those statistics don’t include nearly 20 million others who did not die but still battled SUD that year. […]
Boulder Care, a digital startup that coordinates treatment services for individuals struggling with opioid use disorder (OUD), has announced $10.5 million in Series A funding. In a blog post last week on Medium, Boulder co-founder and CEO Stephanie Papes announced the funding and that the company has enlisted Greycroft Partners and Tusk Ventures to provide […]
Social media platform Snapchat, which allows users to send videos and photos that disappear shortly after they’re opened, will soon roll out a new mental health feature. While many details surrounding the feature, called Here For You, remain fuzzy, the tool could create new opportunities for behavioral health providers, a spokesperson for the platform’s parent […]
Quartet Health, a technology platform services company for behavioral health providers, has reached an agreement with Blue Cross Blue Shield North Carolina (Blue Cross NC) to establish a new value-based payment model for the Tar Heel State insurer. The goal is to ensure people get high-quality mental health care in a timely manner while improving […]
While it’s frequently cited that one in five U.S. adults has a mental illness, an even greater number of people will experience the symptoms of stress, anxiety or depression at some point in their lifetime. In response, more employers are stepping up to the plate to help their workers manage those conditions, offering new and […]
Middletown, Connecticut-based PursueCare has rolled out a new remote, integrated medication-assisted treatment (MAT) model for patients in Kentucky and West Virginia. PursueCare is a tech-enabled health services startup that aims to help curb the opioid epidemic. The company was founded in 2019, with investment from WRD Capital and Starboard Capital Partners, among others. For patients […]
As stigma dissipates and need grows, more people than ever before are seeking behavioral health services. To keep up with the demand, entrepreneurs are getting creative, launching innovative companies and bringing in hundreds of millions of dollars in funding. One reason for that is the growing prevalence of behavioral health conditions, from depression to substance […]
Emilio Health, a technology-enabled behavioral health startup, has raised $5 million in seed funding. Oak HC/FT provided the funding, which will allow Emilio Health to open its first clinics, launch its digital platform and grow its leadership team. Palo Alto, California-based Emilio Health launched in October, with the goal being to improve the way behavioral […]
Digital behavioral health company NeuroFlow has raised $7.5 million in series A funding. The money brings total funding raised up to about $11 million, according to the funding tracker website Crunchbase. The latest round was led by Builders VC, with participation form Dreamit Ventures, Spring Point Partners, Red & Blue Ventures and AWT Private Investments. […]